5049 Cape May Ave, San Diego, CA 92107
5049 Cape May Ave, San Diego, CA 92107
5049 Cape May Ave, San Diego, CA 92107
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Jerrod Waller

Jerrod Waller

+1(858) 822-8634
$5,400,000
Est. payment /mo
18 Beds
18 Baths
9,458 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Com-Res Income

Listing Status Active

Purchase Type For Sale

Square Footage 9,458 sqft

Price per Sqft $570

MLS Listing ID 260009653

Bedrooms 18

Full Baths 18

Lot Size 10,633 Sqft

Property Sub-Type Com-Res Income

Property Description

The Palms on Cape May is a 12-unit coastal apartment community located one block from the Pacific Ocean in San Diego's highly sought-after Ocean Beach submarket. The property offers investors a rare opportunity to acquire a well-located asset with spacious units, strong in-place income, and meaningful rental upside through interior improvements. The property has been well maintained and provides investors with stable in-place income along with potential rental upside through strategic interior upgrades. With spacious units and strong tenant demand for beach-adjacent housing, the property is well positioned for continued long-term performance. Residents benefit from 17 on-site parking spaces, including five tandem spaces in the front of the property and seven single spaces in the rear, a valuable amenity in this highly walkable coastal neighborhood where parking is often limited. Located just steps from Newport Avenue, tenants enjoy walkable access to Ocean Beach's vibrant mix of restaurants, cafés, retail shops, and neighborhood amenities. The Palms on Cape May presents a rare opportunity to acquire a well-located multifamily asset in one of San Diego's most sought-after beach communities.

Location

State CA

County San Diego

Community Other/Remarks

Area Coastal South

Interior

Fireplace No

Exterior

View Y/N No

Total Parking Spaces 17

Building

Story 2

Others

Senior Community No

Tax ID 4481014100

Special Listing Condition Other/Remarks

Virtual Tour https://www.propertypanorama.com/instaview/snd/260009653

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MLS Router / San Diego MLS
Listed by Dylan E Wright, DRE#01411216 MD Real Estate, Inc 

NEARBY SCHOOL & BUSINESS

Jerrod Waller

“If you're looking for a dedicated and knowledgeable real estate professional who will go above and beyond to help you achieve your goals, I'm here to serve you. Contact me today to learn more about how he can assist you with all your real estate needs.”
 

+1(858) 822-8634

jwaller@sdrealtyco.com

3555 5th Avenue 3rd Floor, San Diego, CA 92103

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5049 Cape May Ave